Ag Growth International Inc. (TSE:AFN) Receives C$60.38 Average Price Target from Brokerages

Ag Growth International Inc. (TSE:AFN) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$60.38.

AFN has been the topic of a number of recent analyst reports. Atb Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. ATB Capital cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$79.00 to C$63.00 in a report on Tuesday, January 14th. Royal Bank of Canada cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$75.00 to C$45.00 in a report on Thursday, January 30th. CIBC cut their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a report on Thursday, January 30th. Finally, National Bankshares cut their price target on shares of Ag Growth International from C$67.00 to C$55.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th.

Ag Growth International Price Performance

AFN opened at C$37.36 on Monday. The firm has a market cap of C$714.05 million, a P/E ratio of 29.83, a PEG ratio of 1.30 and a beta of 2.29. The firm has a 50-day moving average of C$45.28 and a 200 day moving average of C$50.28. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. Ag Growth International has a fifty-two week low of C$36.23 and a fifty-two week high of C$64.51.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International’s dividend payout ratio is currently 47.90%.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.